The Woodlands office market not isolated from Houston’s current market conditions

The Woodlands’ office market continues to feel the effects of Houston’s office market woes.  The Woodlands is not isolated from Houston’s current market conditions, but does fare better than most of Houston’s other office submarkets.  The Woodlands’ Q3 2016 office market vacancy rate increased 100 basis points over the quarter, but even with this increase its vacancy rate is still lower than that of the other major Houston office submarkets.   

Leasing activity increased 30.4% over the quarter and 46.3% over the year.  Webber, LLC signed a lease in 1725 Hughes Landing for 46,600 SF.  The company will be moving in April 2017 from its current location at 9303 New Trails Dr where it occupies nearly 25,000 square feet.  

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